The Wickerman was first held in 2002 and built a reputation as a family-friendly event, well-known for an eclectic line-up that had been headlined by artists ranging from The Scissor Sisters to The Proclaimers.

The most recent festival in 2015 went ahead despite the death of driving force Jamie Gilroy at the end of 2014.

His wife, Patsy, and daughter, Jennie Camm, picked up the mantle and thousands of music lovers flocked to the farm to enjoy performances from artists such as Example, Tom Odell and Lulu.

The 2015 accounts for The Wickerman Festival Ltd have recently been lodged with Companies House and reveal there was a loss of £300,523, creating a “balance sheet net liability position” of almost £200,000.

Notes included with the accounts say just over £113,000 is owed to a creditor which is a business in which the directors are also partners and that business “will not seek repayment of this amount to the detriment of other creditors”.

“The festival industry is quite volatile at the moment. The costs have gone up so much and you can’t put up the ticket prices any more.

“When we started out we had our own police force in Dumfries and Galloway.”

Local MSP Finlay Carson recently raised the issue of policing costs of festivals at Holyrood, saying the Wickerman was cancelled “due in no small part to unreasonable policing requirements; depriving our area of hundreds of thousands of pounds of income”.

Mrs Gilroy also cited the example of the Eden Festival, held near Moffat in June, which saw a large increase in policing costs as well.